Iowa Code § 554.8201
Issuer
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2013
As of January 1, 2012
1. With respect to an obligation on or a defense to a security, an “issuer” includes a person that:
1. With respect to an obligation on or a defense to a security, an “issuer” includes a person that:
a. places or authorizes the placing of its name on a security certificate, other than as authenticating trustee, registrar, transfer agent, or the like, to evidence a share, participation, or other interest in its property or in an enterprise, or to evidence its duty to perform an obligation represented by the certificate;
a. places or authorizes the placing of its name on a security certificate, other than as authenticating trustee, registrar, transfer agent, or the like, to evidence a share, participation, or other interest in its property or in an enterprise, or to evidence its duty to perform an obligation represented by the certificate;
b. creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;
b. creates a share, participation, or other interest in its property or in an enterprise, or undertakes an obligation, that is an uncertificated security;
c. directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or
c. directly or indirectly creates a fractional interest in its rights or property, if the fractional interest is represented by a security certificate; or
d. becomes responsible for, or in place of, another person described as an issuer in this section.
d. becomes responsible for, or in place of, another person described as an issuer in this section.
2. With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.
2. With respect to an obligation on or defense to a security, a guarantor is an issuer to the extent of its guaranty, whether or not its obligation is noted on a security certificate.
3. With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.
3. With respect to a registration of a transfer, issuer means a person on whose behalf transfer books are maintained.
89 Acts, ch 113, §8; 96 Acts, ch 1138, §24, 84
89 Acts, ch 113, §8; 96 Acts, ch 1138, §24, 84
Referred to in
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.